According to Techub News, Ripple will launch the US dollar stablecoin Ripple USD (RLUSD). RLUSD is a stablecoin designed for enterprise use cases (such as payments), focusing on stability, efficiency and transparency, aiming to enhance Ripple's cross-border payment solutions and meet the needs of transactions denominated in US dollars.

Techub News previously reported that Ripple announced that its stablecoin RLUSD is awaiting approval from the New York Department of Financial Services regulator.